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Author Topic: Saving for a House!  (Read 2130 times)
Kinkyads
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November 03, 2019, 07:04:41 PM
 #1

We are saving for a house down payment of 40K.  I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months.  Is a stable coin the best option?  Thoughts?
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Kinkyads
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November 03, 2019, 07:23:42 PM
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Thats a spam exchange
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November 03, 2019, 07:30:04 PM
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Thats a spam exchange
No
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November 09, 2019, 11:44:16 PM
 #4

We are saving for a house down payment of 40K.  I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months.  Is a stable coin the best option?  Thoughts?



The thought is good. But kn the other hand, I will advive that you run a 1 year plan instead of 6 months since you cant predict market conditions for now. And when the money increases at anytime over the space of the 1 year, tmyou can cash out. Its safer that way than the 6 month
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November 10, 2019, 01:21:55 AM
 #5

We are saving for a house down payment of 40K.  I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months.  Is a stable coin the best option?  Thoughts?

It's a huge amount and we are talking about a house here so I want to make it as safe as possible, putting it in Crypto could be a good idea because of the potential of the market in the coming 7 months, but I prefer to invest only half of it, because the market is always volatile, the top coins are always the best options like Bitcoin, Ethereum, Ripple, Bicoincash, just do not put all your eggs in one basket.

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November 10, 2019, 02:11:08 AM
 #6

Investing in any cryptocurrency is risky, keep that in mind. Investing all into a stable coin is not advisable. It would be better if you diversified your investment into different Cryptocurrency. You can read this article to understand in detail - https://cointikka.com/best-cryptocurrency-to-invest-in-2019/

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November 10, 2019, 02:31:20 AM
 #7

We are saving for a house down payment of 40K.  I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months.  Is a stable coin the best option?  Thoughts?

But still bank is sure to be there and there are insurance about youre money. If you want to invest in crypto, pick a game changer coin cause stablecoin is like holding youre asset same with bank. There are no primary movement and just made for neutralizing the market prices. I think you can put that amount into major top coins listed on CMC especially btc, eth and xrp.
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November 10, 2019, 02:43:35 AM
 #8

We are saving for a house down payment of 40K.  I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months.  Is a stable coin the best option?  Thoughts?

If you want your $40,000 savings to grow, do not store it in a STABLEcoin. It does not grow in value. You may do so in other coins. I highly recommend that you do it with the top 10 coins, Bitcoin preferably. If altcoins, Ethereum, XRP, or Litecoin will do.

Here is a big warning. If your plan is to save them in crypto for 6 months, there is no guarantee that it will grow. There is even a risk that it will not, and worse fall in value. If that happens, you will be forced to extend that 6 months until you have made gains.
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November 10, 2019, 03:08:32 AM
 #9

I think what you are thinking is very risky. Even if you will investing in a strong coin like bitcoin is not safe because all we know that here in crypto world the price of all coin is changing quickly. So if your capital will be fund for your house I think it is better to store your money at the bank. But if you really want to invest here in crypto you can do daily trading but make sure you have enough knowledge.

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November 10, 2019, 03:11:40 AM
 #10

You must calculate it carefully and correctly. Investing in crypto is not as easy as one might imagine. there are many risks that can occur. The crypto voting value is very high. but if you are sure and already know the risks, it may increase your profits. Do not let your money just wasted, choose a coin that you trust.

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November 10, 2019, 03:12:25 AM
 #11

We are saving for a house down payment of 40K.  I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months.  Is a stable coin the best option?  Thoughts?

Too high risk placing a savings in cryptocurrency even for the stable cryptocurrency it's still high risk bro. Because crypto wallets is trackable and if you have a lot of money there you will become a target by the hackers.
If you really want to place your saving in cryptocurrency i recommend you to split your money into at least 5 or more wallets so it won't make your savings look so big. So it will be safer. And USDT is the current best stablecoin

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November 10, 2019, 03:15:56 AM
 #12

We are saving for a house down payment of 40K.  I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months.  Is a stable coin the best option?  Thoughts?
Stable coins is good option if you are not after for a profit to your money but if you like to grow it while storing it in crypto currencies then top 5 in coinmarketcap is the best options for you.

Though there is a risk but it's very low and there is a big chance that your money will gain a good amount of profit in the next six months. It will be wise if you should invest your money into 3 currencies like for example btc 35%,eth 35% and xrp 30%.

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November 10, 2019, 03:44:38 AM
 #13

We are saving for a house down payment of 40K.
It's a good step that you take positive thinking in the field of cryptocurrency. hold some time to pay a down payment on the house.
Where people always deposit money in the bank within a period of 6 months and up to one year, that's a little confused for me, with interest limited by a certain percentage depending on nominal money.

If people know that there are certain coins that are stable and profitable every day, surely people will switch investments in crypto, with existing capital of 40k, for example coins Bitcoin, Ethereum, etc.

If you take steps to invest in crypto at this time I can say the right choice, no doubt 40k in a period of 6 months could be your money will be 80k. I hope it can become your real dream in 2020 going forward.





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November 10, 2019, 03:48:02 AM
 #14

Stable coins cannot make maximum profits, it is because the value of their token prices only follows the backed up currencies. But, if you want to invest in crypto by taking a big profits you can look at the Top 20 crypto currencies based on CMC or Coingecko. Do your research and analyze their development for your portfolio growth for the next 6 months. Goodluck!
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November 10, 2019, 03:51:31 AM
 #15

I think stablecoin is the best choice. Because money is very important to you. If you want to put it on other than Stablecoin, then you have to understand the risks, it can only give you benefits in the next 6 months or vice versa. And if you already understand the consequences, then saving in BTC is the best choice in my opinion. Especially next year BTC will be halving. There will definitely be a significant movement.


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November 10, 2019, 04:05:39 AM
 #16

The question is, could you afford to lose that amount? There's no guarantee that you could gain something out of your funds in 6 months. Any crypto is unpredictable so it will be a big risk for you to invest your allocated funds for you house. If you're ready to take the risks then choose top coins like Btc and Eth.

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November 10, 2019, 04:16:18 AM
 #17

Cryptocurrency markets are big but risky, you can lose your money because the market plummets or hackers attack. Never invest too much what you are willing to lose.
If you still decide to invest in this market, I think you should split your investments and buy USDT.

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fortunecrypto
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November 10, 2019, 04:28:34 AM
 #18

We are saving for a house down payment of 40K.  I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months.  Is a stable coin the best option?  Thoughts?

Don't put all your investment in new coins, go for the top coins in the market, 6 months is just enough to make a small profit because we have halving coming stable is also a good option but it cannot make you profit, compared to when you are investing in the top coins in the market.
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November 10, 2019, 04:30:02 AM
 #19

We are saving for a house down payment of 40K.  I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months.  Is a stable coin the best option?  Thoughts?

40k in dollar? or what currency because it might affect your investment decision, if that is in dollar then it is too huge to risk it on cryptocurrecy. But if you really want to make an investment then go for bitcoin less risk high chance to make a profit in the long run but your time frame might too short or too long.
Christinebeauty
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November 10, 2019, 04:41:26 AM
 #20

Its a good idea though. But it would have been better if you divide the total funds in a ratio of say 8:2 so that you can save about 80% in stable coins while keeping de remaining 20% in a volatile coin, probably BTC so that your funds can appreciate small by the time you are withdrawing your funds

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